AutoBeta(AutoBeta.net)08/28 Report--

Following the listing of Ulay and ideal cars in the United States, Xiaopeng Motors also successfully landed on the New York Stock Exchange. On the evening of August 27th, Xiaopeng Motor was officially listed on the New York Stock Exchange under the symbol "XPEV". IPO was priced at $15, becoming the third new car-building force after NIO and ideal. As of the close, Xiaopeng shares closed at $21.22, up 41.47% from the offering price, with a market capitalization of $15 billion.

According to the prospectus, Xiaopeng CEO he Xiaopeng holds 27.8%, other directors and executives, including he Xiaopeng, hold 36.4%, and Ali holds 14.4% as the largest external shareholder. Other major shareholders include Xiaomi, GGV GGV Capital and Morningside Capital. However, in terms of performance, Xiaopeng has not performed well and has been in a state of loss since its inception. According to the prospectus, Xiaopeng's net losses in the first half of 2018-2020 were 1.399 billion yuan, 3.692 billion yuan and 796 million yuan, with a cumulative loss of 5.887 billion yuan since 2018.

According to the data, Xiaopeng Automobile, founded in 2014, is the Internet electric vehicle brand of Guangzhou Orange Line Intelligent Automotive Technology Co., Ltd.

At present, Xiaopeng has two models on sale, namely Xiaopeng G3 and Xiaopeng P7. Among them, Xiaopeng G3 is produced by Haima Automobile OEM and began delivery in December 2018, while Xiaopeng P7 is produced by self-built Zhaoqing factory and began delivery in May 2020. According to the data, the cumulative delivery volume of Xiaopeng is 20707, including 18741 for Xiaopeng G3 and 1966 for Xiaopeng P7.

With Xiaopeng Motor officially listed on the New York Stock Exchange, three new forces of head car building, including Ulay and ideal, have gathered in the US stock market. At present, the total market capitalization of Xilai Automobile is US $23.547 billion, the ideal car is US $16.208 billion and Xiaopeng Motor is US $14.96 billion.

In 2020, many car manufacturers eventually quit the market because of financing difficulties, mass production failure and other reasons. For car manufacturers still in the market, there are all players with stories who can survive the first round of knockout, but the era of storytelling and PPT car building has passed. Desperately listing at the same time, if you can not maintain the core competitiveness of the products, as soon as possible to achieve positive cash flow, then the real pain may just begin.

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